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General information

Technological leader being #1 search engine in Russia, #1 in taxi business, as well operating classifieds, music, carsharing, food delivery businesses
  • Good financial results growth rate 32.1% (average between last period year over year growth for revenue and EBITDA), there is slowdown compared to average historical growth rates (71.1%)
  • Dividend yield for the last twelve months 4.0%
  • Free cash flow yield 0.5% (LTM)
  • Share price is 195.0% higher than minimum and 14.4% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (8.3x vs
    )
  • Fundamental value created in LTM (estimate)
  • Taking into account the impact of the key rate 21.0% on the change in financial parameters: EBITDA adjustment is -11 642 mln rub as NetDebt * (current key rate - normalized 7%) / 2, expected EBITDA adjusted for key rate increases is 194 203 mln rub, expected mult is 8.7x, target mult is 10.3x, potential is +20.2%

Key Financials (Download financials)

Ticker: YDEX
Share price, RUB:  (+1.1%)4032
year average price 4015  


year start price 4300 2024-05-09

min close price 3211 2024-11-26

max close price 4709 2025-02-17

current price 4032 2025-05-08
Common stocks: 379 450 000

Dividend Yield:  4.0%
FCF Yield LTM: 0.5%
EV / LTM EBITDA:[с учетом прогноза: 6.7x]    8.3x
EV / EBITDA annualized: 8.5x
Last revenue growth (y/y):  34.2%
Last growth of EBITDA (y/y):  30.0%
Historical revenue growth:  44.7%
Historical growth of EBITDA:  97.5%
Target EV / EBITDA (hist percentile):
Express share price potential:
Fundamental value created in LTM:
Fundamental value created in LTM:
[с учетом прогноза фин показателей]
 Mult Upside+49.8%
 FCF Creation-3.2%
 Growth+31.3%
 Growth Corr-39.8%
 
 Sum+38.0%
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 1 529 942
Net Debt (m RUB): 136 700
EV (Enterprise Value): 1 666 642
EBITDA LTM (m RUB): 199 871
Net Income LTM (m RUB): 11 468
EV / LTM EBITDA: 8.3x
Net Debt / LTM EBITDA (if EBITDA > 0): 0.7x
Average daily trading volume for the week, RUB mln: 1633
P / E ann-d133.4x
P / B 5.2x
EBITDA margin ann-d 16.0%
Net income margin ann-d 0.8%

Revenue and EBITDA

Quarterly values (m RUB)

Change (y/y)

Cash Flow

FCF (m RUB), before FX effects elimination

Net Debt / Cash and Equivalents (m RUB)

Share price and dividends (Download history)

Share price

Payment RUB per share

Multiple and potential

EV / LTM EBITDA and 50% percentile

Potential dynamics

Daily trade volumes

Millions of RUB

P/B and P/E multipliers

P / B

P / E

More information for subscribed users:
detailed calculation of
Potential and Created Value,
commodities affecting the company